Makena Capital Management LLC Raises Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Makena Capital Management LLC grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,418 shares of the company’s stock after purchasing an additional 7,293 shares during the period. Liberty Media Corporation – Liberty Live Series C comprises about 2.7% of Makena Capital Management LLC’s portfolio, making the stock its 12th biggest position. Makena Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $22,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System increased its stake in Liberty Media Corporation – Liberty Live Series C by 1.5% during the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after purchasing an additional 198 shares during the period. Ethic Inc. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 2.6% during the fourth quarter. Ethic Inc. now owns 9,036 shares of the company’s stock worth $751,000 after buying an additional 225 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter worth approximately $26,000. Kelleher Financial Advisors purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter worth approximately $26,000. Finally, Nilsine Partners LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 3.8% during the fourth quarter. Nilsine Partners LLC now owns 8,500 shares of the company’s stock worth $707,000 after buying an additional 315 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK stock opened at $95.75 on Friday. The company’s 50 day moving average price is $95.76 and its 200 day moving average price is $89.01. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $71.48 and a fifty-two week high of $102.62. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of -184.13 and a beta of 0.98.

Liberty Media Corporation – Liberty Live Series C Company Profile

Liberty Media Corporation – Liberty Live Series C (NASDAQ: LLYVK) is a tracking stock designed to reflect the performance of Liberty Media’s investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media’s other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation’s global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media’s equity stake in Live Nation, one of the world’s leading live entertainment companies.